Alpha Dhabi acquires majority 73.73 percent share in National Corporation for Tourism and Hotels

Abu Dhabi Holding Company announced today that it has acquired a 73.73% strategic controlling stake in National Corporation for Tourism and Hotels (NCTH) by selling the assets of Alpha Abu Dhabi Holding Company and Murjan Energy Limited to NCTH in exchange for shares. This transaction marks a significant strategic move by Abu Dhabi Holding Company in the luxury tourism sector.

The transaction involves the transfer of four key hotel assets, including two iconic luxury properties in Abu Dhabi—The St. Regis Saadiyat Island Resort and the Al Wathba, a Luxury Collection Desert Resort & Spa—as well as the ultra-luxury Cheval Blanc Randheli in the Maldives and the recently opened Cheval Blanc Seychelles. The addition of these assets will significantly enhance NCTH's hotel portfolio.

Hamad Salem Al Ameri, CEO and Managing Director of Abu Dhabi Holding Company, stated, "This transaction underscores Abu Dhabi Holding Company's commitment to creating value in high-potential sectors such as luxury tourism, through a strong presence in the UAE market and a growing footprint in the international ultra-luxury space. This move seamlessly aligns with our long-term strategy of driving impactful and sustainable growth."

By integrating the hotel business under NCTH, Abu Dhabi Holding Company has strengthened its investments in the domestic and international luxury hotel sectors. This asset transfer increases NCTH's hotel portfolio to eight properties, with nearly 1,500 rooms, significantly enhancing its hospitality capabilities. NCTH is poised to become a leader in the international luxury hotel space.

Hani Faraag, CEO of NCTH, stated, "The inclusion of these prestigious assets into NCTH's portfolio marks a new chapter for the company, positioning it as a leader in the international luxury hospitality sector by establishing a globally competitive portfolio. We are excited to offer unparalleled experiences to our guests while contributing to the UAE’s thriving tourism industry."

Through strategic collaboration, Abu Dhabi Holding Company and NCTH aim to meet the increasing demand for luxury tourism offerings in the UAE and beyond, while contributing to national economic diversification. The hospitality sector remains a key driver of economic development, with high growth potential supported by national strategic visions and tourism initiatives. Moreover, this acquisition enables NCTH and Abu Dhabi Holding Company to capitalize on emerging opportunities in popular destinations, adding depth, diversity, and sophistication to their portfolios.

The new destinations join NCTH’s existing properties, including the InterContinental Abu Dhabi and InterContinental Residences Abu Dhabi, as well as Danat Al Ain Resort, Danat Jebel Dhanna Resort, and Dhafra Beach Hotel. NCTH also provides related services in dining, retail, and transportation. These initiatives further solidify NCTH's position in the luxury hospitality sector.